Cullen Frost Bankers Inc. grew its stake in shares of Accenture Plc (NYSE:ACN) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,037 shares of the information technology services provider’s stock after purchasing an additional 1,354 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Accenture were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ACN. Focused Wealth Management Inc boosted its position in shares of Accenture by 100.0% during the 4th quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Accenture during the 4th quarter worth $42,000. We Are One Seven LLC purchased a new stake in shares of Accenture during the 4th quarter worth $56,000. First Interstate Bank boosted its position in shares of Accenture by 43.6% during the 4th quarter. First Interstate Bank now owns 395 shares of the information technology services provider’s stock worth $56,000 after purchasing an additional 120 shares in the last quarter. Finally, Exane Asset Management purchased a new stake in shares of Accenture during the 4th quarter worth $78,000. 70.19% of the stock is currently owned by institutional investors.
In related news, General Counsel Chad T. Jerdee sold 2,441 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $140.00, for a total value of $341,740.00. Following the completion of the transaction, the general counsel now owns 11,775 shares of the company’s stock, valued at approximately $1,648,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $155.88, for a total transaction of $311,760.00. Following the completion of the transaction, the insider now directly owns 131,024 shares of the company’s stock, valued at approximately $20,424,021.12. The disclosure for this sale can be found here. Insiders have sold a total of 61,033 shares of company stock valued at $8,466,177 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.
NYSE:ACN opened at $159.48 on Wednesday. The firm has a market cap of $105.77 billion, a PE ratio of 23.66, a PEG ratio of 2.14 and a beta of 1.10. Accenture Plc has a 52-week low of $132.63 and a 52-week high of $175.64.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 EPS. Research analysts forecast that Accenture Plc will post 7.2 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.com-unik.info/2019/02/20/accenture-plc-acn-shares-bought-by-cullen-frost-bankers-inc.html.
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.